14 Protection of supplies of goods and services: Great Britain
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

Termination clauses in supply contracts

14  Protection of supplies of goods and services: Great Britain

(1)     In the Insolvency Act 1986, after section 233A insert—

“233B Protection of supplies of goods and services

(1)     This section applies where a company becomes subject to a relevant insolvency procedure.

(2)     A company becomes subject to a relevant insolvency procedure for the purposes of this section where—

(a)     a moratorium under Part A1 comes into force for the company,

(b)     the company enters administration,

(c)     an administrative receiver of the company is appointed (otherwise than in succession to another administrative receiver),

(d)     a voluntary arrangement approved under Part 1 takes effect in relation to the company,

(e)     the company goes into liquidation,

(f)     a provisional liquidator of the company is appointed (otherwise than in succession to another provisional liquidator), or

(g)     a court order is made under section 901C(1) of the Companies Act 2006 in relation to the company (order summoning meeting relating to compromise or arrangement).

(3)     A provision of a contract for the supply of goods or services to the company ceases to have effect when the company becomes subject to the relevant insolvency procedure if and to

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